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$ 40,000
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Active
7069 ELMHURST Street Detroit, MI 48204 5239
4 Baths
3,416 SqFt
UPDATED:
12/14/2024 01:24 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,416 sqft
Price per Sqft $11
Subdivision Mi
MLS Listing ID 60360010
Style 2 Story
Full Baths 4
Year Built 1926
Annual Tax Amount $43
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40.00 x 129.00
Property Description
Located in a rapidly growing neighborhood, this 4-unit multi-family property offers an incredible potential investment opportunity. Each of the four spacious units features 2 bedrooms, providing ample living space. With over 3,400 square feet, this property boasts plenty of room for both residents and potential for higher rental income as the area continues to develop. This property offers a fantastic opportunity to own a piece of a growing community while benefiting from a strong rental market. Don’t miss out on the chance to add this promising asset to your portfolio! The Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Government Owned
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Bellabay Realty Tri Counties